Würk, a human capital management (HCM) company in the cannabis industry, has partnered with The Baldwin Group in an employee benefit captive programme.
The collaboration will introduce clients to employee benefit captives, predictive risk scoring, and forward-looking claim projections that will help them gain an understanding of their particular health insurance premiums and identify potential cost-saving alternatives.
The firms state that the initiative allows employers to control insurance costs by pooling premiums through a captive tailored to their specific risk profile, providing flexibility and stability beyond traditional plans.
Würk provides HCM tools to normalise the cannabis economy, while The Baldwin Group uses AI-driven underwriting for predictive risk analysis, offering a combined financial assessment to determine client suitability for an employee benefit captive.
Steven Uno, senior partner at The Baldwin Group, says: "We are proud to collaborate with Würk to equip cannabis companies with the information needed to make the best decision possible when choosing an insurance plan.
“Combining our knowledge of HCM, insurance, and risk management, we can introduce a new approach to insurance that will allow Würk's clients to be more flexible and potentially save money that can be used to enhance a company's product portfolio, cultivation efforts, manufacturing efforts, and much more."
Deborah Saneman, CEO of Würk, comments: "Expanding our suite of human resource solutions, our employee benefit captive programme, along with our ability to offer predictive risk scores and 12-month forward-looking claim projections, amplifies our commitment to supplying cannabis operators with industry-specific workplace solutions and re-emphasises our position as the legal cannabis industry's premier HCM solutions provider."
